Latest Corporate News News
Berkshire Hathaway to acquire Taylor Morrison for $6.8 billion
Berkshire Hathaway will buy Taylor Morrison in a $6.8 billion deal, marking a major acquisition under Greg Abel. The offer values the homebuilder at $72.50 per share and is one of the biggest corporate transactions highlighted in today’s market coverage.
Lenovo shares rise after analyst upgrades and stronger AI-linked sentiment
Lenovo was one of the biggest corporate winners in Asian trade after Goldman Sachs raised its price target by 15%. The stock jumped about 14% as investors reacted to improving tech sentiment and a broader AI-driven rally.
Indigo reports quarterly loss as foreign exchange pressures weigh on results
Indigo posted a net loss of $267 million, missing expectations for a profit of $97 million. The company also reported a foreign exchange loss of about half a billion in the quarter as the rupee weakened.
Global markets rally despite geopolitical tensions in the Middle East
Bloomberg market coverage said risk assets moved higher even as uncertainty remained around Iran-related developments. The move supported corporate and equity sentiment across Asia as investors looked past the stalemate for now.
Dallas-Fort Worth International receives $70 million for runway rehabilitation
The FAA awarded Dallas-Fort Worth International Airport $70 million for runway rehabilitation. The grant is part of a broader U.S. airport infrastructure funding round that also supports expansion and reconstruction projects at other major hubs.
Charlotte Douglas Airport secures $46.9 million for apron expansion
Charlotte Douglas International Airport received $46.9 million to expand its apron capacity. The funding is aimed at improving airport operations and handling more aircraft movements.
Miami International Airport gets $41.9 million for terminal and fuel-farm work
Miami International Airport was awarded $41.9 million for terminal reconstruction and fuel farm expansion. The investment reflects continued infrastructure spending on large U.S. airports.
Nashville International begins $40 million terminal entrance renovation
Nashville International Airport launched a $40 million project to expand and upgrade terminal entrance areas. The work will significantly increase escalator capacity and double elevator capacity to improve passenger flow.
Riga Airport awards commercial concessions for terminal retail and dining
Riga Airport in Latvia awarded three concessions for management of its passenger terminal commercial areas. The contracts, which take effect in 2027, cover duty-free retail, food and beverage, and retail shops.
Hong Kong Airlines becomes first carrier to move check-in to Terminal 2 departure area
Hong Kong Airlines is the first airline to relocate check-in counters from Terminal 1 to the new Terminal 2 departure area at Hong Kong International Airport. The airport said relocations for 14 more airlines will continue through June 10.